Form 4: PFGC Officer Sells Shares for Tax Withholding

Performance Food Group Co's President and COO, Scott E. McPherson, disposed of 1,069 common shares at $105.18 each for tax obligations.

Summary

• Scott E. McPherson, President and Chief Operating Officer of Performance Food Group Co (PFGC), reported a transaction involving common stock.
• On September 2, 2025, McPherson disposed of 1,069 shares of PFGC common stock.
• The shares were disposed of at a price of $105.18 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, McPherson beneficially owns 171,883 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event regarding the company's operational performance or future prospects.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-arranged sale and not a discretionary market timing decision.
• The disposition of shares for tax withholding suggests the vesting of previously granted equity awards, which can be a positive sign of executive compensation alignment with shareholder interests.

Negatives

• A reduction in direct beneficial ownership by an executive, even for tax purposes, slightly decreases their direct equity stake in the company.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction for tax withholding, which is a common practice across all industries for executives receiving equity compensation. It does not reflect specific industry trends.

Comparison to Industry Standards

• The disposition of shares for tax withholding is a standard practice for executives across publicly traded companies, aligning with typical equity compensation structures and tax obligations. This transaction is consistent with common corporate governance practices regarding executive stock ownership and compensation.

Related Party Transactions

• Disposition of 1,069 shares to the issuer to satisfy tax withholding obligations related to equity award vesting.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction, not a discretionary sale indicating a change in confidence.
• Employees: No direct impact.

Key Dates

Recommendation

The filing details a routine disposition of shares by an executive to cover tax obligations upon the vesting of equity awards. This is a standard event and does not provide new information that would warrant a change in investment recommendation for Performance Food Group Co.

Keywords

Performance Food Group, PFGC, Scott E. McPherson, Insider Trading, Form 4, Stock Sale, Tax Withholding, Executive Compensation, 10b5-1 Plan